Aman Verma (name changed) is looking for a decent home in the National Capital Region (NCR) for the past few months but is nowhere close to finding a property that suits his budget. High home loan interest rates are another hurdle.
The Maharashtra state government has sharply increased the rates used to calculate taxes paid by home buyers when buying property for the calendar year 2015. The hike in ready-reckoner rates, which is effective January 1, is to the tune of almost 30-40
Satyajit Bose, a cardiac surgeon and chairman of The Mission Hospital in Durgapur, paid Rs 1.2 crore to set up a multi-speciality hospital on two acres of land in the upcoming airport city promoted by Bengal Aerotropolis Projects (BAPL).
After staying in company-provided flats in metro cities all your life, you are looking forward to shifting to your hometown after retirement. You don't mind staying in a flat but there are no projects by reputed builders where you can buy a property.
In the year that just went by, slowdown in the real estate market had hit the luxury and premium housing in the two biggest markets-- Delhi NCR and Mumbai. However, towards late last year, the demand for such luxury/premium homes started picking up.
In the previous nine-month Budget, the new government outlined its vision for boosting affordable housing. From the upcoming 12-month budget, the Indian real estate sector looks forward to provisions that firm this vision up on the ground.